'Pump' and dump Bank of Florida stock

If you've been following the stock of struggling Bank of Florida, you've noticed the unusual swings in the price of the shares.

Granted, there's plenty of speculation about whether the Naples-based company will be able to successfully raise $72 million in new capital to keep its three subsidiary banks from being shut down by regulators soon.

But Bank of Florida's shares are so thinly traded that it appears day traders are having a field day pumping up the stock and then dumping it for a quick profit. Recently, it only took trading of 250,000 shares to pump the stock up 6% (symbol: BOFL).

The pump-and-dumpers in Bank of Florida stock are all over the blogosphere flogging their actions.